Comisión Federal de Competencia

The Comisión Federal de Competen (CFC), or Federal Competition Commission, is an agency of the government of Mexico, under the Ministry of Economy. Established in 1993, it is responsible for implementation of the Federal Economic Competition Law (LFCE).

The CFC was established in 1993. It is headed by five commissioners who serve 10-year terms, who are appointed by the Mexican president. One commissioner serves as president of the commission. The CFC also employs 175 other people, including 41 support staff.

The mission of the CFC is to "protect the process of competition and free access to markets, through the prevention and elimination of monopolistic practices and other restrictions to market efficiency, in order to contribute to societal welfare." Functions of the CFC include approval of mergers and acquisitions, investigating and penalizing monopolistic conduct, authorizing business activities in regulated sectors, and advocacy for competition in the marketplace. Article 28 of Mexico's constitution prohibits monopolies, but a more complete competition policy was set out in the LFCE (1993).

The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act 1998, although the majority of its powers were governed by the Enterprise Act 2002.

The Enterprise Act 2002 gave the Competition Commission wider powers and greater independence than the MMC had previously, so that it could make decisions on inquiries rather than giving recommendations to Government, and was also responsible for taking appropriate actions and measures (known as remedies) following inquiries which had identified competition problems.